A quantity index which is designed to measure changes in the physical volume of production levels of industrial goods over time is the
A)Time index
B)Producers index
C)Index of Industrial Production
D)Paasche index

Question

Quizplus · Accepted Answer

The Index of Industrial Production (IIP) is a quantity index that measures changes in the physical volume of production levels of industrial goods over time. It is a useful indicator for tracking the growth and contraction of the industrial sector, and can provide insights into the overall health of the economy. The other options listed are not specific to measuring production levels of industrial goods.

A Quantity Index Which Is Designed to Measure Changes in the Physical